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Saturday, August 18, 2018
JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that views were exchanged on bilateral relations and regional matters between President Recep Tayyip Erdoğan met with Emir Sheikh Tamim bin Hamad Al Thani of Qatar at...
JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said the chairman on Wednesday (15/08). Currently, it is only around 85 percent of the revenues come back to the country. “We agree that 100 percent of the...
JAKARTA (TheInsiderStories) - Foreign oil producer PT Chevron Pacific Indonesia and PT ExxonMobil Indonesia would discuss with Indonesian government on the new policy requiring the mandatory sale of crude oil to state-owned energy producer PT Pertamina. Minister Energy and Mineral Resources (MEMR) Ignatius Jonan informed at the limited meeting on Tuesday (14/08), President...
JAKARTA (TheInsiderStories)--Indonesian President Joko Widodo instructed PT Pertamina to buy all domestic oil production at market prices in order to maintain current account deficit (CAD) and stabilise rupiah against US dollar. Indonesia produces around 740,000 to 800,000 barrel oil per day (BOPD) divided to the government's share and oil & gas contractors'...
JAKARTA (TheInsiderStories)--Bank Indonesia raised its benchmark seven-day reverse repo rate by 25 basis points to 5.5 percent amid global and domestic economic pressure, said BI's governor Perry Warjiyo said on Wednesday (15/8). The Indonesian Central Bank also raised its deposit facility rate by 25 basis points to 4.75 percent, and its lending...
JAKARTA (TheInsiderStories)--Indonesia recorded a widening trade deficit to US$2.03 billion in July 2018, the worst since July 2013, due to soaring consumer goods imports, Central Statistics Agency reported on Wednesday (15/8). It worsened than trade balance in the previous month that booked a surplus of US$1.74 billion. Imports soared to US$18.27...
JAKARTA (TheInsiderStories) - Asman Abnur, the administrative and bureaucratic reform minister, could be the first victim of the 2019 Presidential Election. As his party, the Amanat Nasional Party joined the opposition camp, the President has no option but to remove Abnur from the ministerial post. His likely successor is the national police...
JAKARTA (TheInsiderStories) ​— Cicil​, the leading instalment financing platform for Indonesian university students, announced earlier today that it has secured a Series A funding led by East Ventures and Vertex Ventures. New investors K3 Ventures and Ethos Partners, as well as existing investor Accord Ventures also participated in the...
JAKARTA (TheInsiderStories)--Indonesian government will stop importing 500 items for six months in order to stabilise Rupiah against US dollar. Government also considered to give an incentive for exporters to bring their revenues to the country. Finance Minister Sri Mulyani Indrawati on Tuesday (14/8) said the government will soon release the lists...
JAKARTA (TheInsiderStories)--Indonesian government will evaluate income tax for export proceeds as an attempt to stabilize rupiah exchange rate against US dollar, said Minister of Finance Sri Mulyani on Tuesday (14/8). Mulyani instructed Director General of Taxation and Fiscal Policy Office to evaluate tax reduction policy on export proceeds. "I have asked them to...

Latest article

Indonesia’s Bayan Buys 100% Kangaroo for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) to acquired 45 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Insight: 2019 State Budget is a Mixed Bag

JAKARTA (TheInsiderStories) - The government’s proposed 2019 State budget is quite uncommon. At first glance, the budget sends a message of fiscal moderation, with...

Indonesia Losses US$521M from Lombok Earthquake

JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the...

Qatar will Invests US$15B to Turkey

JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that...

Indonesian Businessmen Ready to Convert 50% Export Revenues to Rupiah

JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said...